Election Over, Everybody Notices That the Economy Still Sucks
In his second term, freshly re-elected President Barack Obama confronts an economy that offers glimmers of long-missing vitality but remains held back by fiscal and regulatory uncertainties and slowing global growth.
The U.S. economy has shown signs of improvement in recent months. Unemployment is below 8%, stock prices are up, the housing sector is reviving and consumers are starting to step up spending on cars and other big-ticket items after four years of paying down debt.
Yet overall economic growth is anemic. Many European economies are in recession and plagued by financial turmoil. China, the world's second-largest economy, has lost steam—growing at a 7.4% rate in the third quarter, compared with 9.2% last year.
Source: Wall Street Journal. Read full article. (link)
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At least in his second term, he can blame the loser that bequeathed him such a horrible economy.
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Hey, didn't he wave the magic wand? I mean all those folks were betting on it.